Property has 6 flats, 5 of which have owners with an interest in the limited by guarantee company that owns the freehold. The 1 that doesn't exercised the right to extend its lease, so giving a large cash inflow to the company. The profit appears to be tax free in the company.
The 5 people want all the profit paid out. The company can distribute profit. But how is the receipt treated in the hands of the individuals? It's not a dividend but could it be taxed as such? It's not earned income nor is it ever going to reoccur, at least not for 150 years, could it be a tax nothing and hence tax free?